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In the latest session, Newell Brands Inc (NASDAQ: NWL) closed at $6.31 down -1.71% from its previous closing price of $6.42. In other words, the price has decreased by -$1.71 from its previous closing price. On the day, 3.45 million shares were traded. NWL stock price reached its highest trading level at $6.449 during the session, while it also had its lowest trading level at $6.275.
Ratios:
For a deeper understanding of Newell Brands Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.36. For the most recent quarter (mrq), Quick Ratio is recorded 0.58 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on February 16, 2024, Downgraded its rating to Neutral and sets its target price to $8.50 from $10 previously.
Truist Downgraded its Buy to Hold on October 30, 2023, whereas the target price for the stock was revised from $20 to $8.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 10 ’24 when CAMPBELL PATRICK D sold 50,000 shares for $8.04 per share. The transaction valued at 402,000 led to the insider holds 18,477 shares of the business.
Turner Bradford R sold 20,000 shares of NWL for $148,600 on Feb 23 ’24. The Chief Legal & Admin. Officer now owns 169,813 shares after completing the transaction at $7.43 per share. On Oct 30 ’23, another insider, Turner Bradford R, who serves as the Chief Legal & Admin. Officer of the company, sold 20,000 shares for $6.88 each. As a result, the insider received 137,600 and left with 152,363 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NWL now has a Market Capitalization of 2665337600 and an Enterprise Value of 7898911744. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 0.99 whereas that against EBITDA is 9.586.
Stock Price History:
The Beta on a monthly basis for NWL is 0.88, which has changed by -0.3967495 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, NWL has reached a high of $11.61, while it has fallen to a 52-week low of $5.39. The 50-Day Moving Average of the stock is -11.07%, while the 200-Day Moving Average is calculated to be -16.53%.
Shares Statistics:
For the past three months, NWL has traded an average of 4.29M shares per day and 4466890 over the past ten days. A total of 414.30M shares are outstanding, with a floating share count of 413.54M. Insiders hold about 0.39% of the company’s shares, while institutions hold 98.21% stake in the company. Shares short for NWL as of 1719532800 were 21321638 with a Short Ratio of 4.96, compared to 1717113600 on 21123758. Therefore, it implies a Short% of Shares Outstanding of 21321638 and a Short% of Float of 8.77.
Dividends & Splits
According to the company, the forward annual dividend rate for NWL is 0.28, from 0.28 in the trailing year. Against a Trailing Annual Dividend Yield of 0.043613706The stock’s 5-year Average Dividend Yield is 5.24.
